ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
ANNUAL REPORT 2007-2008 CITY OF GREATER GEELONG
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<strong>CITY</strong> <strong>OF</strong> <strong>GREATER</strong> <strong>GEELONG</strong><br />
NOTES TO THE FINANCIAL <strong>REPORT</strong> FOR THE YEAR ENDED 30 JUNE <strong>2008</strong><br />
21 Property, Infrastructure, Plant and Equipment (cont’d)<br />
(c) Infrastructure (cont’d)<br />
<strong>2008</strong> <strong>2007</strong><br />
$000 $000<br />
Kerb and Channel<br />
at cost 3,841 2,323<br />
Less accumulated depreciation 55 10<br />
3,786 2,313<br />
at fair value as at 1 October 2006 163,243 162,245<br />
Less accumulated depreciation 89,434 86,868<br />
73,809 75,377<br />
Total Kerb and Channel 77,595 77,690<br />
Drainage<br />
at cost 12,010 7,411<br />
Less accumulated depreciation 146 60<br />
11,864 7,351<br />
at fair value as at 1 July 2005 269,254 266,002<br />
Less accumulated depreciation 75,655 72,972<br />
193,599 193,030<br />
Total Drainage 205,463 200,381<br />
Recreation<br />
at cost 70,416 65,991<br />
Less accumulated depreciation 11,978 8,783<br />
58,438 57,208<br />
Total Recreation 58,438 57,208<br />
Infrastructure Other<br />
at cost 47,607 45,565<br />
Less accumulated depreciation 25,156 21,555<br />
22,451 24,010<br />
Total Infrastructure Other 22,451 24,010<br />
Total Infrastructure 719,321 712,462<br />
Road Seals and Road Pavements were revalued as at 1-11-2004 by Council officers, at fair value based on depreciated replacement cost.<br />
Roads Other, Footpaths, Bike paths, Kerb and Channel are valued at fair value as at 1-10-2006 by Council officers using depreciated replacement cost.<br />
Drainage assets have been revalued as at 1-07-2005 by Council officers at fair value using depreciated replacement cost.<br />
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